Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Professional Services Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies23
  • 7D-3.5%
  • 3M-4.5%
  • 1Y-3.2%
  • YTD-3.4%

Over the last 7 days, the Professional Services industry has dropped 3.5%, driven by a pullback from ALS of 13%. On the other hand Klevo Rewards is actually up 13%. The industry has fallen 3.2% in the last year. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Australian Professional Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Mar 2026AU$35.0bAU$11.9bAU$1.4b13.2x25.4x2.9x
Wed, 04 Feb 2026AU$36.7bAU$11.7bAU$1.4b19.4x26.9x3.1x
Fri, 02 Jan 2026AU$36.2bAU$11.9bAU$1.4b20.2x25.8x3x
Sun, 30 Nov 2025AU$37.4bAU$12.0bAU$1.4b18.9x26.3x3.1x
Tue, 28 Oct 2025AU$37.8bAU$11.8bAU$1.4b20.8x26.9x3.2x
Thu, 25 Sep 2025AU$36.3bAU$11.7bAU$1.4b19.1x25.9x3.1x
Sat, 23 Aug 2025AU$37.9bAU$11.9bAU$1.4b19.3x26.5x3.2x
Mon, 21 Jul 2025AU$38.6bAU$11.7bAU$1.3b17.5x28.9x3.3x
Wed, 18 Jun 2025AU$37.2bAU$11.7bAU$1.3b15.7x27.9x3.2x
Fri, 16 May 2025AU$37.6bAU$11.5bAU$1.1b16.6x34.1x3.3x
Sun, 13 Apr 2025AU$33.5bAU$11.5bAU$1.1b15.6x30x2.9x
Tue, 11 Mar 2025AU$36.6bAU$11.5bAU$1.1b16.8x32.9x3.2x
Thu, 06 Feb 2025AU$33.2bAU$11.3bAU$1.0b19.7x33.2x2.9x
Sat, 04 Jan 2025AU$32.8bAU$11.3bAU$1.0b19x32.5x2.9x
Mon, 02 Dec 2024AU$31.3bAU$11.1bAU$970.6m20.5x32.2x2.8x
Wed, 30 Oct 2024AU$27.6bAU$10.9bAU$972.9m20.8x28.4x2.5x
Fri, 27 Sep 2024AU$27.0bAU$10.6bAU$937.6m20.7x28.8x2.5x
Sun, 25 Aug 2024AU$31.1bAU$12.8bAU$1.0b17.9x30.4x2.4x
Tue, 23 Jul 2024AU$29.4bAU$13.4bAU$999.6m19.7x29.5x2.2x
Thu, 20 Jun 2024AU$29.1bAU$13.4bAU$1.0b19.6x29.1x2.2x
Sat, 18 May 2024AU$29.8bAU$14.3bAU$1.4b17.4x20.9x2.1x
Mon, 15 Apr 2024AU$31.0bAU$14.5bAU$1.4b18.7x21.4x2.1x
Wed, 13 Mar 2024AU$29.2bAU$14.4bAU$1.4b19.8x20.4x2x
Fri, 09 Feb 2024AU$27.7bAU$13.9bAU$1.2b19.9x22.6x2x
Sun, 07 Jan 2024AU$27.9bAU$13.7bAU$1.2b18.3x23.2x2x
Tue, 05 Dec 2023AU$27.1bAU$13.7bAU$1.2b19.8x22.4x2x
Thu, 02 Nov 2023AU$27.8bAU$13.9bAU$1.3b18.6x22.2x2x
Sat, 30 Sep 2023AU$28.7bAU$13.8bAU$1.2b18.2x23.3x2.1x
Mon, 28 Aug 2023AU$28.0bAU$13.2bAU$673.2m19.5x41.5x2.1x
Wed, 26 Jul 2023AU$28.6bAU$12.8bAU$660.8m17.8x43.3x2.2x
Fri, 23 Jun 2023AU$27.8bAU$12.8bAU$658.0m17x42.3x2.2x
Sun, 21 May 2023AU$27.2bAU$12.8bAU$654.6m16.3x41.6x2.1x
Tue, 18 Apr 2023AU$27.9bAU$12.8bAU$650.4m16.6x42.9x2.2x
Thu, 16 Mar 2023AU$12.4bAU$7.3bAU$580.9m16.7x21.3x1.7x
Price to Earnings Ratio

21.3x


Total Market Cap: AU$12.4bTotal Earnings: AU$580.9mTotal Revenue: AU$7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Professional Services Industry Price to Earnings3Y Average 29.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Professional Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 25.4x which is lower than its 3-year average PE of 29.6x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Professional Services industry have grown 33% per year over the last three years.
  • Revenues for these companies have grown 18% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Industrials industry?

AU Market-3.68%
Industrials-3.04%
Professional Services-3.51%
HR Services-4.74%
Research and Consulting Services-5.92%
Industry PE
  • Investors are most optimistic about the Research and Consulting Services industry even though it's trading below its 3-year average PE ratio of 80.7x.
    • Analysts are expecting annual earnings growth of 18.6%, which is lower than the prior year's growth of 25.6% per year.
  • Investors are most pessimistic about the HR Services industry, which is trading close to its 3-year average of 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Research and Consulting Services industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the HR Services industry is expected to see its earnings grow by 6.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KLV Klevo RewardsAU$0.02712.5%
+AU$4.6m		n/aPS5.9x
1CG One Click GroupAU$0.0125.0%
+AU$2.6m		0%PS2.1x
RTH RAS Technology HoldingsAU$0.815.8%
+AU$2.2m		12.4%PS1.6x
AQN AquirianAU$0.405.3%
+AU$2.1m		33.3%PS1.5x

Latest News

IPH
AU$3.31
IPH
7D
-7.5%
1Y
-29.9%

IPH: Buyback And Rising Margins Will Drive Future Re-Rating

Analysts have trimmed their price target on IPH to A$4.80 from A$5.22. This reflects updated assumptions that include a lower fair value, a slightly higher discount rate, more cautious revenue growth and a reduced future P/E multiple, partly offset by a higher profit margin forecast.
ALQ
AU$22.63
ALS
7D
-13.1%
1Y
39.8%

ALQ: Upgraded Outlook And Earnings Framework Will Shape Future Return Potential

Narrative Update on ALS Analysts have lifted their price target for ALS from A$27.00 to A$28.00, citing updated assumptions for revenue growth, profit margins, and future P/E. These changes are reflected in refreshed valuation inputs.
CUP
AU$1.08
Count
7D
-5.7%
1Y
41.2%
1CG
AU$0.01
One Click Group
7D
25.0%
1Y
0%
SIQ
AU$7.98
Smartgroup
7D
-12.1%
1Y
2.4%

SIQ: Fair Outlook Balances Dividend Returns And Potential FleetPartners Merger

Analysts have increased their Smartgroup price target from A$9.12 to A$9.43, reflecting updated assumptions regarding discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Smartgroup declared a fully franked ordinary dividend of A$0.215 per share for the six months ended 31 December 2025, with an ex dividend date of 5 March 2026, a record date of 6 March 2026, and payment scheduled for 20 March 2026 (Key Developments).
RTH
AU$0.81
RAS Technology Holdings
7D
5.8%
1Y
12.4%
CPU
AU$29.52
Computershare
7D
-4.4%
1Y
-26.9%

CPU: Citi Upgrade And Raised FY26 Outlook Will Support Bullish Setup

Analysts have trimmed their fair value estimate for Computershare to A$35.79 from A$35.97, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E, as well as recent Street research, including Citi's upgrade of the stock with an A$39.60 price target. Analyst Commentary Bullish Takeaways Bullish analysts highlight the recent upgrade to a Buy rating as support for a more constructive view on Computershare’s ability to execute against earnings expectations, even with more conservative assumptions now embedded in the fair value model.
MMS
AU$15.48
McMillan Shakespeare
7D
-3.6%
1Y
-0.5%

MMS: Share Buyback Plan Will Support Returns Despite Lower Profit Margins

Analysts have trimmed their price target for McMillan Shakespeare from A$19.98 to A$18.21, citing updated assumptions around discount rates, profit margins and revenue growth, as well as a slightly higher future P/E multiple. What's in the News The Board of Directors authorized a share buyback plan on February 23, 2026, signaling an intention to return capital to shareholders over time (Key Developments).
AQN
AU$0.40
Aquirian
7D
5.3%
1Y
33.3%
ASH
AU$0.22
Ashley Services Group
7D
-20.0%
1Y
12.8%
C79
AU$9.39
Chrysos
7D
-4.6%
1Y
96.9%
KLV
AU$0.027
Klevo Rewards
7D
12.5%
1Y
n/a